Friday, December 1, 2023

Dogecoin stayed mostly the same today, after a wild day or two last week. It went up by 30% on Monday, but lost all its gains during the rest of the week. Shiba inu coin also remained almost unchanged.

DOGE/USD on the Rise

Dogecoin (also known as DOGE) went slightly up on Monday after some recent big changes. Last week, it suddenly went up by nearly 30%, which was the highest it had been in four months. After that, the price dropped really low again and reached a bottom of $0.08204 during today’s session.

Now, DOGE/USD has once again gone up to its peak at $0.08383, which means the RSI (Relative Strength Index) is almost close to hitting 55.00.

Right now, the number tracking DOGE is at 52.83. This number means that it won’t go any lower than 51.00. If the RSI goes up to 55.00, DOGE might be worth more than $0.0850.

Will Shiba Inu Break Out and Rise?

At the start of the week, Shiba Inu (SHIB) stayed mostly the same. On Monday, it went to its lowest value of $0.00001085 and then rose to a highest point of $0.00001099. This means that SHIB is priced lower than an intermediary resistance level of $0.00001100. When we look at the chart, it’s uncertain where prices will go despite going up recently between a 10-day average (red) and its 25-day average (blue).

Shiba Inu’s current price can be affected by things like the RSI being below a key number of 50.00. For the value to rise, it must break out from this level. If you’d like to get updated about Shiba Inu’s prices every week, sign up to our email list! Lastly, let us know what you think – do you expect Shiba Inu to go up this week?


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